Mixed-Use Building with
For Sale
$340,000
233 Daniels St, Fitchburg, MA 01420
Mixed-use downtown Fitchburg property with church space on the first floor, an occupied apartment above, and vacant retail space at closing.
Property Size1,920 SF
Days on Market108
Property Features for 233 Daniels St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Lease Term
Existing Lease Type: Gross
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Elizabeth Sardina · License #9578557
(617) 510-3306
Source:
Iverty
Added: Jul 7
Changed: Oct 21
Last Checked: Oct 20 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This mixed-use property at 233 Daniels Street includes a church space on the first floor and a residential apartment on the second floor. The apartment is currently occupied by a long-standing tenant-at-will, and an additional retail space will be delivered vacant at closing, offering flexibility for an owner-user or a new tenant.
The property is described as being located in the heart of downtown Fitchburg with visibility and accessibility to nearby downtown amenities.
As presented, the building offers multiple income opportunities through the existing church use, the currently occupied apartment, and the retail space available upon closing.
The property is described as being located in the heart of downtown Fitchburg with visibility and accessibility to nearby downtown amenities.
As presented, the building offers multiple income opportunities through the existing church use, the currently occupied apartment, and the retail space available upon closing.
Key Highlights
- Mixed‑use downtown Fitchburg property built in 1920
- First floor includes church space
- Second floor has a residential apartment currently occupied by a tenant‑at‑will
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,392
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,840
$567.8K
Cap Rate 7%
$405,600
$405.6K
Cap Rate 9%
$315,467
$315.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$912 −$0.48/SF
EGI
$40.6K $21.12/SF
− OpEx
−$12.2K −$6.34/SF
NOI
$28.4K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,840
Cap Rate 7%
$405,600
Cap Rate 9%
$315,467
Alternative Uses
Best Use
Retail
$405.6K
$354.9K – $473.2K
NOI $28,392 @ 7.0% cap · market cap 8.35%
Second Best
Mixed Use
$247.4K
$216.5K – $288.6K
NOI $17,316 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 01420, MA
41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,393
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Mixed-use downtown Fitchburg property with church space on the first floor, an occupied apartment above, and vacant retail space at closing.
Where is this church & religious facility located?
The property is located at 233 Daniels St Fitchburg, MA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Mixed‑use downtown Fitchburg property built in 1920; First floor includes church space; Second floor has a residential apartment currently occupied by a tenant‑at‑will
